Manulife Smart International Etf Market Value
| IDEF-B Etf | 12.31 0.00 0.00% |
| Symbol | Manulife |
Please note, there is a significant difference between Manulife Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Manulife Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manulife Smart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Manulife Smart 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Manulife Smart's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Manulife Smart.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Manulife Smart on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Manulife Smart International or generate 0.0% return on investment in Manulife Smart over 30 days. Manulife Smart is related to or competes with IShares SPTSX, IShares Core, IShares Core, BMO Aggregate, IShares Canadian, BMO SPTSX, and BMO SP. Manulife Smart is entity of Canada. It is traded as Etf on TO exchange. More
Manulife Smart Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Manulife Smart's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Manulife Smart International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0677 | |||
| Maximum Drawdown | 2.98 |
Manulife Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Manulife Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Manulife Smart's standard deviation. In reality, there are many statistical measures that can use Manulife Smart historical prices to predict the future Manulife Smart's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.0229 | |||
| Total Risk Alpha | 0.0223 | |||
| Treynor Ratio | (0.58) |
Manulife Smart Inter Backtested Returns
At this point, Manulife Smart is very steady. Manulife Smart Inter has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Manulife Smart, which you can use to evaluate the volatility of the etf. Please verify Manulife Smart's Risk Adjusted Performance of 0.0604, standard deviation of 0.3213, and Mean Deviation of 0.077 to check out if the risk estimate we provide is consistent with the expected return of 0.035%. The etf secures a Beta (Market Risk) of -0.0395, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Manulife Smart are expected to decrease at a much lower rate. During the bear market, Manulife Smart is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Manulife Smart International has no correlation between past and present. Overlapping area represents the amount of predictability between Manulife Smart time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Manulife Smart Inter price movement. The serial correlation of 0.0 indicates that just 0.0% of current Manulife Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Manulife Smart Inter lagged returns against current returns
Autocorrelation, which is Manulife Smart etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Manulife Smart's etf expected returns. We can calculate the autocorrelation of Manulife Smart returns to help us make a trade decision. For example, suppose you find that Manulife Smart has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Manulife Smart regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Manulife Smart etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Manulife Smart etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Manulife Smart etf over time.
Current vs Lagged Prices |
| Timeline |
Manulife Smart Lagged Returns
When evaluating Manulife Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Manulife Smart etf have on its future price. Manulife Smart autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Manulife Smart autocorrelation shows the relationship between Manulife Smart etf current value and its past values and can show if there is a momentum factor associated with investing in Manulife Smart International.
Regressed Prices |
| Timeline |
Pair Trading with Manulife Smart
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Manulife Smart position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Manulife Smart will appreciate offsetting losses from the drop in the long position's value.Moving against Manulife Etf
| 0.85 | VRE | Vanguard FTSE Canadian | PairCorr |
| 0.57 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.4 | HBLK | Blockchain Technologies | PairCorr |
The ability to find closely correlated positions to Manulife Smart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manulife Smart when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Manulife Smart - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Manulife Smart International to buy it.
The correlation of Manulife Smart is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Manulife Smart moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Smart Inter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Manulife Smart can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Manulife Etf
Manulife Smart financial ratios help investors to determine whether Manulife Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Manulife with respect to the benefits of owning Manulife Smart security.